Thursday, 10 May 2012

40 million for local business



Jobs and business boost for East Kent

Local businesses will be able to apply for interest-free loans as part of a new £40 million government backed scheme to boost the East Kent economy.

Kent County Council will lead the delivery of 'Expansion East Kent' with the aim of creating 5,000 new jobs by offering local firms in Thanet, Dover, Shepway and Canterbury £35 million in loans.

The project is supported by the Government's Regional Growth Fund.

Leader of Thanet District Council, Cllr. Clive Hart, said: "This is a great opportunity for new and existing businesses in Thanet. At this time, local companies need as much support as possible and Expansion East Kent will be a great way to facilitate this.

"Providing access to a share of £35 million sends out a strong message that we’re open for business, and the council will play an important role in helping to deliver this. This scheme is focussed on supporting existing businesses, creating new opportunities and ultimately creating more jobs which is fantastic news for Thanet."

Find out more about the scheme
Publication date: 03 May, 2012

1 comment:

  1. A "loan" even an interest free loan is no good at all for promoting small business. Where are the grants for small businesses that we used to have before all the money was wasted on the olympics????


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